Alarm.com

EnergyHub Receives CEC Grant to Support Expansion of Virtual Power Plants in California

Retrieved on: 
Mercredi, juin 12, 2024
EV, Electric Vehicles, Other Energy, Utilities, Hardware, Oil, Gas, Sustainability, Batteries, Energy, Technology, Automotive, Environment, Green Technology, Other Technology, Regulatory affairs, DER, Alarm.com, EVS, Electricity, CAISO, California Energy Commission, ALRM, CEC, LEAP, Partnership, VPP, Renewable energy

EnergyHub, a leading provider of Edge DERMS, was awarded a California Energy Commission (CEC) grant to advance the enrollment of multiple types of distributed energy resources (DERs), including thermostats, electric vehicles (EVs), and batteries, in virtual power plants (VPPs).

Key Points: 
  • EnergyHub, a leading provider of Edge DERMS, was awarded a California Energy Commission (CEC) grant to advance the enrollment of multiple types of distributed energy resources (DERs), including thermostats, electric vehicles (EVs), and batteries, in virtual power plants (VPPs).
  • The grant funding will accelerate California’s progress toward the state’s 100% renewable energy goal and help address severe resource adequacy constraints.
  • This will help deliver a reliable, increasingly decarbonized grid in California and accelerate the CEC’s progress toward 100% renewable power in the state.
  • Additionally, the grant expands the opportunity for California residents to enroll connected devices in VPPs, even if their utility does not offer such programs.

Glancy Prongay & Murray LLP Announces Investigation of Alarm.com Holdings, Inc. (ALRM)

Retrieved on: 
Vendredi, mai 31, 2024
Class Action Lawsuit, Professional Services, Legal, Helmsley Building, Suite, Alarm.com, GPM, ALRM

Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Alarm.com Holdings, Inc. (Nasdaq: ALRM) concerning the Company and its directors’ and officers’ possible violations of state laws.

Key Points: 
  • Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Alarm.com Holdings, Inc. (Nasdaq: ALRM) concerning the Company and its directors’ and officers’ possible violations of state laws.
  • If you inquire by email please include your mailing address, telephone number, and the number of shares purchased and held.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20240531025936/en/

Alarm.com Prices Upsized $425.0 Million 2.25% Convertible Senior Notes Offering

Retrieved on: 
Mercredi, mai 29, 2024
Technology, Mobile, Wireless, Security, Other Technology, Professional Services, Software, Networks, IOT (Internet of Things), Other Professional Services, Debt-to-GDP ratio, Investment, Exercise, Alarm.com, ALRM, Sale, Person, Note, Observation, Public expenditure, Security (finance)

Alarm.com has increased the size of the offering from $375.0 million to $425.0 million (or $500.0 million if the initial purchasers’ option to purchase additional notes is exercised in full as described in the following paragraph).

Key Points: 
  • Alarm.com has increased the size of the offering from $375.0 million to $425.0 million (or $500.0 million if the initial purchasers’ option to purchase additional notes is exercised in full as described in the following paragraph).
  • The sale of the notes is expected to close on May 31, 2024, subject to customary closing conditions.
  • The notes will be convertible at the option of the holders in certain circumstances.
  • As discussed above, Alarm.com intends to use approximately $75.0 million of the net proceeds from the offering to repurchase shares of its common stock.

Alarm.com Announces Proposed Private Placement of $375.0 Million of Convertible Senior Notes

Retrieved on: 
Mardi, mai 28, 2024
Mobile, Wireless, Technology, Construction & Property, Finance, Security, Professional Services, Software, Networks, IOT (Internet of Things), Other Construction & Property, Debt-to-GDP ratio, Investment, Exercise, Alarm.com, ALRM, Sale, Person, Convertible, Note, Observation, Public expenditure, Security (finance)

The notes will be general unsecured obligations of Alarm.com and will accrue interest payable semiannually in arrears.

Key Points: 
  • The notes will be general unsecured obligations of Alarm.com and will accrue interest payable semiannually in arrears.
  • The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the offering.
  • The capped call transactions will cover, subject to customary adjustments substantially similar to those applicable to the notes, the number of shares of Alarm.com’s common stock initially underlying the notes.
  • As discussed above, Alarm.com intends to use up to $75.0 million of the net proceeds from the offering to repurchase shares of its common stock.

Alarm.com Reports First Quarter 2024 Results

Retrieved on: 
Jeudi, mai 9, 2024
Public Policy, Government, Software, Construction & Property, Consumer Electronics, Public Safety, Technology, Other Construction & Property, Mobile, Wireless, Alarm.com, ALRM, Video content analysis, Dashboard, Console, Nature, Commercial, Software as a service, Business, GAAP, RVM, Food delivery

Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today reported financial results for its first quarter ended March 31, 2024.

Key Points: 
  • Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today reported financial results for its first quarter ended March 31, 2024.
  • “We are pleased to report solid results and continued momentum across the business in the first quarter,” said Steve Trundle, CEO of Alarm.com.
  • GAAP and non-GAAP earnings were negatively impacted in the first quarter of 2024 by a $4.0 million credit loss reserve related to a subordinated credit agreement with one of our service provider partners.
  • Alarm.com will host a conference call to discuss its first quarter 2024 financial results and its outlook for the second quarter and full year 2024.

Parks Associates' 28th Annual Executive Research Conference CONNECTIONS™ Addresses Role of Multidevice Households And Technology Integration

Retrieved on: 
Jeudi, mai 9, 2024
Trident, Alarm.com, Interview, Business development, Conference, Research, Cardinal Peak, SmartThings, Control, Artificial intelligence, Television

DALLAS, May 9, 2024 /PRNewswire/ -- Parks Associates' research reveals 40% of households with connected home devices have at least one multidevice integration or routine established today. This means that 60% of households with smart devices are using them as point solutions, leaving a large portion of their value unrealized. The firm shared this and other research at its 28th annual CONNECTIONS™: The Premier Connected Home Conference, May 7-9 at the Hilton Dallas/Plano Granite Park Hotel in Plano, TX.

Key Points: 
  • DALLAS, May 9, 2024 /PRNewswire/ -- Parks Associates' research reveals 40% of households with connected home devices have at least one multidevice integration or routine established today.
  • The firm shared this and other research at its 28th annual CONNECTIONS™: The Premier Connected Home Conference , May 7-9 at the Hilton Dallas/Plano Granite Park Hotel in Plano, TX .
  • The firm's Smart Home: Integration, Automation, and Control provides the latest data on smart home trends influencing consumer purchase behavior and preferences.
  • As part of this project, Parks Associates tested and quantified the appeal of nearly 100 unique routines among all internet households.

U.S. Home Energy Management Systems Market Report 2024: Leading Players Honeywell, GE, Panasonic, Robert Bosch, Comcast, Alphabet, Schneider Electric and Alarm.com Maintain Strong Market Penetration - ResearchAndMarkets.com

Retrieved on: 
Mercredi, mai 8, 2024
Energy, Construction & Property, Building Systems, Utilities, USD, Alarm.com, Z-Wave, Comcast, General Electric, IEA, Smart grid, Heat, Panasonic, Electricity, Bluetooth, Renewable energy, Honeywell, HEMS

The U.S. home energy management systems market is expected to grow at a CAGR of 15.12% from 2023 to 2029.

Key Points: 
  • The U.S. home energy management systems market is expected to grow at a CAGR of 15.12% from 2023 to 2029.
  • Niche players are also focusing on offering a specific type of home energy management systems as per end-users' requirements.
  • Honeywell International, General Electric, Panasonic, Robert Bosch, Comcast, Alphabet, Schneider Electric, and Alarm.com are the leading players and have strong market penetration.
  • Based on the application, the new construction segment holds most of the share in the U.S. home energy management systems market.

Twenty-eighth Annual CONNECTIONS™ Conference Addresses Growth of Technology in Consumer and Business, Including Smart Home, Security, Health, and Entertainment

Retrieved on: 
Mardi, mai 7, 2024
Trident, Alarm.com, Sale, Networking hardware, EPB, Internet, Early, Ecosystem, Amazon Web Services, Advertising, AI, Verizon Communications, Silicon Labs, ADT, Generali, Imperial Capital, RapidSOS, Luigi, Cardinal Peak, SmartThings, Control, AWS, Artificial intelligence, Wyze, Television

DALLAS, May 7, 2024 /PRNewswire/ -- Parks Associates will feature key findings from its research Smart Home: Integration, Automation, and Control at the 28th annual CONNECTIONS™: The Premier Connected Home Conference, May 7-9 at the Hilton Dallas/Plano Granite Park Hotel in Plano, TX. The executive conference addresses the consumer and small to medium buyer journey for technology solutions.

Key Points: 
  • The executive conference addresses the consumer and small to medium buyer journey for technology solutions.
  • The firm's research shows spur-of-the-moment and experiential shopping are the top triggers for smart home device purchases.
  • Consumers have gaps in their daily activities where technology can help provide convenience, context, and valuable information.
  • Smart video doorbells are the most popular device, with 32% of US internet households planning to buy one in the next six months, followed by smart cameras, smart smoke/CO detectors, and smart lights.

Parks Associates: 30% of Internet Households Own Either A Smart Camera Or A Smart Video Doorbell

Retrieved on: 
Mardi, avril 30, 2024
Alarm.com, Household, Internet, Barrier, Safety, Mind, Conference

DALLAS, April 30, 2024 /PRNewswire/ -- Parks Associates' research finds that among smart home devices, video devices lead in adoption, with 30% of internet households owning either a smart camera or a smart video doorbell. These devices then become key sources of recurring revenues, as the vast majority of owners pay for an attached service, such as monitoring or storage.

Key Points: 
  • DALLAS, April 30, 2024 /PRNewswire/ -- Parks Associates' research finds that among smart home devices, video devices lead in adoption, with 30% of internet households owning either a smart camera or a smart video doorbell.
  • The conference opens with the session "Smart Home Integration: Progress and Barriers" at 3:15 PM on Tuesday, May 7.
  • Consumers are buying multiple products within the video device category to cover multiple security points in the home.
  • The average number of smart cameras and/or smart video doorbells is 2.21 per household, and strong market potential remains for both products.

Alarm.com to Announce 2024 First Quarter Results on May 9, 2024

Retrieved on: 
Mardi, avril 16, 2024
Home Goods, Audio, Video, Hardware, Technology, Apps, Applications, IOT (Internet of Things), Retail, Security, Alarm.com, ALRM, Internet of things, Webcast

Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today announced that it will report 2024 first quarter financial results after the market close on May 9, 2024.

Key Points: 
  • Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today announced that it will report 2024 first quarter financial results after the market close on May 9, 2024.
  • Management will host a conference call and webcast to discuss the company's financial results at 4:30 p.m.
  • Please click here to pre-register for the conference call and obtain your dial-in number and individual passcode.
  • Our platform integrates with a growing variety of Internet of Things (IoT) devices through our apps and interfaces.